Reach Academy Inc

Analysis

Reach Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reach Academy Inc reported income of $333k and spending of $320k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $240k to $333k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Society for Metabolic and Bariatric Endoscopy Inc ($333k), California Creativity Association ($333k) and American Institute of Healthcare Compliance Inc ($333k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $111k (35% of expenses). At year end it held assets of $228k against liabilities of $0, net assets of $228k.